The multifaceted applications of technology and AI have sparked extensive debates and discussions. According to Next Move Strategy Consulting, the AI market is poised for robust growth over the next decade. Currently valued at nearly 100 billion U.S. dollars (equivalent to over 8 trillion INR), it is projected to increase tenfold by 2030, reaching an estimated value of nearly two trillion U.S. dollars (equivalent to over 166 trillion INR). This expansive AI market encompasses a wide array of industries.
Leveraging AI-based tools, stakeholders can gain access to data concerning stock consumption, carbon emissions, waste generation, and more throughout the supply chain. The supply chain is a broad network, serving as the nexus where manufacturers, suppliers, shippers, and government entities intersect. The expanded utilisation of AI has played a pivotal role in optimising these processes. Beyond these advantages, it presents an unparalleled opportunity to bridge existing gaps and foster more connections among various stakeholders. As this growth accelerates, it also underscores the importance of effective risk management.
Generative AI represents a pivotal component within the expansive domain of emergent AI, which is increasingly catalysing fresh avenues for innovation. The vast pretraining and scale of AI foundation models, coupled with the widespread adoption of conversational agents and the proliferation of generative AI applications, are ushering in a novel era of heightened workforce productivity and machine-driven creativity. As these technologies remain in their early stages, a significant degree of uncertainty surrounds their future evolution. These nascent technologies indeed carry greater deployment risks but also hold the potential for substantial benefits.
Beyond generative AI, several other emerging AI techniques stand out for their capacity to significantly enhance digital customer experiences, facilitate better business decision-making, and establish sustainable competitive advantages. These technologies encompass AI simulation, causal AI, federated machine learning, graph data science, neuro-symbolic AI, and reinforcement learning. Over the next decade, cloud computing will undergo a transformation from a technological innovation platform to a ubiquitous and indispensable driver of business innovation. To enable this widespread adoption, cloud computing is evolving towards greater distribution and a stronger focus on vertical industries. Extracting maximum value from cloud investments will necessitate automated operational scaling, access to cloud-native platform tools, and the implementation of robust governance measures.
AI models are susceptible to various forms of attacks, one notable example being adversarial attacks. In such attacks, malicious actors manipulate model inputs to generate incorrect outputs, potentially resulting in erroneous decisions with significant repercussions. Therefore, it is crucial to prioritise the design and development of secure AI models that can withstand such threats. The integrity of AI systems is influenced by the quality and fairness of their training data. When training data contains biases, AI systems may inherit those biases, leading to biassed decision-making. These biases can result in discriminatory outcomes, which not only raise ethical concerns but also carry legal implications.
Terms like "Neuro Symbolic'' and "Responsible AI" are gaining prominence in the AI landscape. These are part of a growing trend toward composite AI approaches that aim to develop more resilient and dependable AI models. Neuro Symbolic AI combines symbolic reasoning with neural network-based learning, aiming to create AI systems that possess both symbolic, human-like reasoning capabilities and the adaptability of machine learning.
Responsible AI encompasses the broader context of AI, focusing not only on technical aspects but also on ethical and organisational considerations. Responsible AI seeks to ensure that AI systems make sound business and ethical decisions. It encompasses a set of practices and principles aimed at fostering accountability and positive outcomes in AI development and deployment. These evolving AI paradigms reflect a growing recognition of the need for AI to go beyond technical proficiency and encompass ethical, societal, and organisational dimensions, thereby fostering more robust and trustworthy AI models.
Additionally, privacy concerns related to data usage are of paramount importance. Safeguarding private data throughout the model's lifecycle is essential to mitigate unintended consequences and protect user privacy. Given these challenges, organisations must remain committed to developing AI systems that are both secure and trustworthy. This involves not only technical solutions but also ethical considerations, governance, and responsible practices to ensure AI's effective and responsible deployment across various applications.
22 Sep, 2023
7 Sep, 2023
4 Aug, 2023
28 July, 2023
25 July, 2023